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USD/CAD Trade Idea

Aug 24, 2015 11:10 am UTC| Technicals

USD/CAD has been trading in the range of 1.3195 -1.3023 for the past five trading session. Loonie has broken major trend line resistance 1.3200 and this confirms short term bullishness, a jump till 1.3370 (161.8%...

FxWirePro: Gold consolidates in narrow range, good to sell on rallies

Aug 24, 2015 10:54 am UTC| Technicals

Gold is consolidating in narrow range around $1148 -$1165 in the past two trading session. Overall trend is still weak as long as resistance $1165 holds. On the downside minor support is around $1150 and break below...

FxWirePro: Aussie slightly recovers after making a low of 0.7200, good to sell on rallies

Aug 24, 2015 10:37 am UTC| Technicals

RES 4: 0.7410 RES 3: 0.7356 (200 day 4HMA) RES 2: 0.7388 ( Cloud top) RES 1: 0.72880 (Kijun-Sen) PRICE: 0.7210 @10:36 GMT SUP 2: 0.7250 (161.8% retracement of 0.73266 and 0.74484) SUP 3: 0.7193...

USD/CHF struggles to close above 0.9460, targets 0.9325

Aug 24, 2015 10:32 am UTC| Technicals

USD/CHF has made a low of 0.9360 and slightly recovered from that level till 0. trend is still weak as long as resistance 0.9450 holds. On the downside minor support is around 0.9400 and any break below targets...

USD/JPY breaks major support 120.60, targets 118.60

Aug 24, 2015 08:52 am UTC| Technicals

USD/JPY has broken major support 120.60 (200 day MA) and is trading well below that level. Overall trend is weak a decline till 119.40/118.60 cannot be ruled out. On the higher side minor resistance is around 120.95...

FxWirePro: AUD/USD PRBS as delta risk reversal indicates intensified bearish hedging

Aug 24, 2015 08:47 am UTC| Technicals

We continue to set up position with 2 lots of Out of the money puts on short side and simultaneously an in the money longs with slightly longer maturity. From the nutshell, 25-delta risk of reversals of AUDUSD the most...

GBP/CAD trades above 2.0700, jump till 2.087/2.100 is possible

Aug 24, 2015 07:23 am UTC| Technicals

GBP/CAD has made a low of 2.04691 and recovered from that level till 2.0699 on Friday. It has broken major resistance 2.0630 on Friday which confirms short term bullishness a jump till 2.078/2.087 cannot be ruled out. On...

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